Earning forecast:e-commerce platform’s net profit can be calculated using GMV*take rate*net margin.PDD’s main app GMV was 3.5 trillion Yuan in 2022. Given that consumers value cost-to-performance more as economic growth slowdown, we expect PDD’s main app GMV to be 4.5 trillion Yuan in...
During the quarter, PDD’s cash inflows from operating activities came in at $2.02 billion, an increase of 1,474% year-over-year, primarily due to a surge in net income. As of March 31, 2024, the company’s cash, cash equivalents and short-term investments stood at $33.50 billion. “...
2020, the company has RMB 87 billion in cash, cash equivalents and short-term investments. As of the end of Feb 2021, USD 712 million of our 0% convertible bonds due in 2024 has been converted into equity.
I have just one point to add, David, here. I think speak of the investment on Duo Duo Grocery it’s worth to mention as well investment on people, not just embedded in the lines under the cost of goods or PP&E, we have dedicated Pinduoduo teams deployed at each location we are operat...
The commonly used pre-trained models are from the prior knowledge of ImageNet dataset [20], which has 1,000 classes and uses 1,281,167 images as the training set and 50,000 images as the validation set. As one of the remarkable milestones in deep learning, this dataset has become a ...
Although this is a fine default, for applications that use more than on AppDomain heavily (for example, ASP.NET applications) it is worth trading off the small leaks for the increased performance (additionally, since ASP.NET applications are not likely going to unload the application domains on...
providing users more affordable and fresher produce in an efficient manner. It has since become an important offering to our users, helping to create and preserve millions of jobs around entire agri-food value chain in the process. It has also proven its worth as a support network in times ...